Umm Al-Qura Cement Co. (UACC) reported a net profit after Zakat and tax of SAR 91.4 million for the first nine months of 2020, an increase of 73% year-on-year (YoY), driven by higher sales revenue, strong sales volumes and improved average selling prices.
Other income also rose when compared to the same period last year.
| Item | 9m 2019 | 9m 2020 | Change |
|---|---|---|---|
| Revenues | 173.91 | 246.62 | 41.8 % |
| Gross Income | 80.02 | 120.17 | 50.2 % |
| Operating Income | 71.36 | 111.07 | 55.7 % |
| Net Income | 52.72 | 91.40 | 73.4 % |
| Average Shares | 55.00 | 55.00 | - |
| EPS (Riyals) | 0.96 | 1.66 | 73.4 % |
The company’s net profit after Zakat and tax for Q3 2020 stood at SAR 31.9 million, a rise of 69% YoY, due to higher sales volumes, increased revenue, and improved selling prices.
The company’s net profit also jumped 52% when compared to Q2 2020, backed by higher revenue, sales volumes despite an increase in general and administrative expenses.
| Item | Q3 2019 | Q3 2020 | Change |
|---|---|---|---|
| Revenues | 63.96 | 87.61 | 37.0 % |
| Gross Income | 28.14 | 41.62 | 47.9 % |
| Operating Income | 25.13 | 38.55 | 53.4 % |
| Net Income | 18.94 | 31.91 | 68.5 % |
| Average Shares | 55.00 | 55.00 | - |
| EPS (Riyals) | 0.34 | 0.58 | 68.5 % |
| Item | Q2 2020 | Q3 2020 | Change |
|---|---|---|---|
| Revenues | 62.56 | 87.61 | 40.0 % |
| Gross Income | 30.42 | 41.62 | 36.8 % |
| Operating Income | 27.53 | 38.55 | 40.0 % |
| Net Income | 20.98 | 31.91 | 52.1 % |
| Average Shares | 55.00 | 55.00 | - |
| EPS (Riyals) | 0.38 | 0.58 | 52.1 % |
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